alstry (< 20)

A Thanksgiving Day Parade Of Alstrys

6

Let's begin....it is the premise of Alstrynomics our entire financial system is insolvent and operating in a fashion essentially the same as a Ponzi Scheme......and Ben Beranke's Zombulation policy will essentially shut down most of the private sector economy in America while illegally, immorally, and improperly bailing out a few.

The logic is as follows:

Money is a derivative of production used as a medium of exchange or store of value. Production can be a good or service. A loan is simply an advance of money against future production. The above are simply the legal ways to "print" money with the latter being the common method described by financial professionals and economists.

Counterfeiting is creating money without any production backing it or any reasonable expectation of production. Counterfeing is illegal. You can counterfeit by simply printing a piece of paper or electronically creating it without backing it with production.

Legally speaking, loaning money without any reasonable expectation to be paid back is FRAUD.....plain and simple, as it has the same moral effect as counterfeiting by creating money without any production backing it. In addition, loaning money and creating an environment making it impossible to pay back the loan is the equivelent of fraud..... supported by extending the legal principals of tortious interference, impossibility of performance, and predatory lending.

It became clear to Alstry a few years ago that the vast majority of the money and assets in our system was either fraudulent or the product of a fraudulent transaction....and when the bankers started cutting off credit...it became mathamatically impossible to fulfill trillions of dollars of contracts.....

As a result, basically our entire economy was either directly or indirectly being supported by fraud....especially the FIREHAG economy....Finance, Insurance, Real Estate, Health Care, and Government....and most every other industry in America was supported by these.....

Life became strange....the entire American Economy was basically functioning off of a legal fraud and the net worth of every American was being supported on a fraudulent foundation. I went around to talk to some highly qualified people....Ex public company CEOs, bank presidents, laywers, accountants, psychologists, physicians, scientists, finance professionals, mutual fund managers, portfolio managers.....but the response was amazing....

even though I was a successful investor grounded in fundemental analsyis who was a qualified expert in fraud....and one who had successfully litagated the issue against a publicly traded company and won on appeal at the Delaware Supreme Court.....nobody really wanted to believe it could be true.....it was just too much for them to believe that their position in life was built upon a fraud.....nobody wanted to believe that our system, and much of the developed world's financial system was essentially nothing more than a Ponzi Scheme not too much different than a really BIG Bernie Madoff......nobody wanted to believe Alstry

Fast Forward a Few Years and now there is a parade of Alstrys which include some of the most qualified, respected and successful people in the world.....

Warren Buffett admits Berkshire would have gone bankrupt but for the government and Fed giving him and his investments the biggest handouts in history......and by logical extension, since the Fed is nothing more than a Ponzi Scheme as represented by Gross and Alstry....Buffett's wealth is the single biggest beneficiary of the Ponzi Scheme

William Black, the former chief prosecutor of the S&L crisis and qualified attorney on banking white collar crime asserts that our banks are acting fraudulently

Janet Tvakoli, one the nations foremost experts on derivatives and CDOs admits the same....

Matt Taibbi has done a number of stories on the issue

Glen Beck opines the nation is broke

Jesse Ventura has highlighted fraud on his show with a number of interviews from qualified people

Karl Denninger, successful investor and former CEO of a technology company agrees

David Stockman, Reagan's budget guru is on board.....

Same with Max Kaiser, Gerald Celente, and a rapidly growing list of highly qualified and accomplished individuals......

Where the convulsive question comes is how will we as a nation deal with the fact that our entire economy is, legally speaking, built on nothing more than a fraudulent ponzi scheme being perpetrated and concealed by Wall Street and some key people in Washington?

The parade of Alstrys is getting longer each day....as far as I know, aside from Bill Black, I am the only attorny among those listed above.....but it appears more and more in the legal profession are figuring it out as the litigation is just starting in a variety of areas..........

As we begin to unravel the fraud....the character of our nation will be tested.....as the functionality of our society and our perception of our wealth is built upon the fraud.....

At this point, we as a nation have basically two options left....confront our conditon or go to war against the rest of the world to defend it.........as no one wants to trade with a counterfeiter

if the former is taken, it will be painful but we will get through it and our character will strengthen....if the latter is the path, God help the world and nation whose currency is based In God We Trust.

Don't forget about Nouriel Roubini ... he was probably one of the first in line back in 2006 ... I remember hearing him utter the words "banks are insolvent" and how the problem was "systemic" with derivatives, mortgages, housing market, etc." I remember hearing him testify in front of Barney Frank's Finance Committee, only to be shut up and told he was out of time. Here he is re. the Euro zone situation .... he's toned down his message but he's one of the only sources telling it like it is ...